Ibi a gbe ile ti o ni iwọn 7,750 SF ti o ni lilo mélòó kan pẹlu awọn ile mẹsan ti o jẹ awọn ẹgbé mẹta ti o wa ni ọfẹ lori awọn aaye iṣowo meji: ile ijeun ti o n ṣiṣẹ pẹlu ibi isinmi ni ile ati itaja ti o wa ti a yalo fun itaja bata.

Ipele iroyin: mẹfa ninu awọn ile mẹsan ni yoo wa ni a ṣẹ silẹ ni ọjọ keji, ati gbogbo ẹyọ ninu ile naa jẹ ọfẹ. Oludokoowo le bẹrẹ atunṣe pupọ julọ ti apakan ibugbe ni ọjọ akọkọ, laisi awọn gbigbe ti o ni lati jija ati ko si awọn yalo ti a ṣakoso lati ṣiṣẹ pẹlu.

Iṣiro iye afikun jẹ kedere. Gbogbo ile ni a ṣe apẹrẹ mẹta-ibè, ọkan-iṣan. Ṣe afikun ibi iṣan keji, iṣan omi ni ile, ati awọn ipari ti a ṣe imudojuiwọn, ati pe awọn ẹyọ wọnyi yoo ya ni iye ti o yatọ. Awọn awin iṣẹ meji naa jẹwọ pe wọn n sanwo lakoko ti iṣẹ naa nwaye, nitorinaa ile naa n ṣe owo-wiwọle nipasẹ gbogbo ṣiṣamulo.

Ibi naa ṣe iyokù: awọn bulọọki kukuru meji si Central Park, diẹ bi bulọọki mẹwa si University Columbia, pẹlu awọn ọkọ oju-irin 1, B, ati C nitosi ati awọn ile ijeun ti Columbus ati Amsterdam ni ilẹkun.

Ọpọlọpọ awọn iṣowo iye afikun jẹ ki o duro awọn ọdun fun ibi ti o ṣofo. Eyi ni o fun ni ni ipari iṣowo.

A 7,750 SF mixed-use walk-up with nine free-market three-bedroom apartments over two commercial spaces: an operating restaurant with basement dining and a retail storefront leased to a shoe store.

The headline: six of the nine apartments will be delivered vacant on September 1, and every unit in the building is free-market. An investor can start renovating the majority of the residential portion on day one, with no buyouts to negotiate and no regulated leases to work around.

The value-add math is straightforward. Each apartment is a three-bedroom, one-bath layout. Add a second bathroom, in-unit laundry, and updated finishes, and these units rent at a different number. The two commercial tenants keep paying while the work happens, so the building produces income through the entire reposition.

The location does the rest: two short blocks to Central Park, roughly ten blocks to Columbia University, with the 1, B, and C trains nearby and the restaurants of Columbus and Amsterdam at the doorstep.

Most value-add deals make you wait years for the vacancy. This one hands it to you at closing.